21Shares Crypto AuM Reaches US$150 million

0
wwwblockcastcc
wwwblockcastcc

 14 total views

www.blockcast.cc

Bloomberg Chart Crypto ETP Comparison

Bitcoin growing over the Exchange
Bitcoin growing over the Exchange

Demonstrates growing institutional preference for cryptocurrency ETPs

19 November 2020 – Zurich – Bitcoin’s meteoric price rise in 2020 (YTD +153.3%), a performance not seen since November 2017, demonstrates growing acceptance and investment preference by professional and institutional investors in Europe. Q3 inflows from buy-side institutional managers across 21Shares’ suite of crypto ETPs in Q3 particularly from its Bitcoin ETP (ABTC:SW – 21XB:GR) have more than doubled since August 2020.

21Shares, the Swiss crypto ETP issuer accredited with listing the first crypto basket HODL has now achieved US$150m in AuM(Asset under Management) outperforming the vast majority of managed crypto funds.

With the iconic listing of the world’s first crypto HODL basket ETP in November 2018 on the SIX Swiss stock exchange, 21Shares AG opened a new world of digital assets to conventional investors, while utilizing a conventional product wrapper already well-accepted by institutional investors. Over the last 15 months, the Swiss issuer has added a total of eleven crypto ETPs on seven new stock exchanges in Switzerland and the EU, key highlights in 2020 including listing Bitcoin (21XB) and Ethereum (AETH) on the regulated segment of Deutsche Boerse XETRA and the Vienna Stock Exchange.

In 2020, growing institutions’ interest came primarily from the United States. Tudor Investment Corporation, Square and MicroStrategy are amongst the first large US institutions to publicly allocate capital to Bitcoin followed by the announcement from PayPal in Q3 2020, the largest bank in terms of accounts (not assets) in the world, to offer Bitcoin to their client base. These investments have already delivered noteworthy returns (even if not yet realised).

“We have seen a growing appetite amongst Swiss and European based asset managers, Family Offices, hedge funds and private banks for an institutional-grade ETP providing access to bitcoin and other cryptocurrencies this year.” says Hany Rashwan CEO of 21Shares. “Our fully collateralized, regulated crypto ETPs have been well received and the inflows to date show the trust placed in us by these institutions. We reached USD 100 million in AuM in mid-August growing from quality institutional demand that has pushed us past the USD 150 million mark. It’s worth noting that we are still at the beginning with institutional investors across Europe accessing cryptocurrencies via ETPs and we expect this shift to continue growing and speeding up in 2021 and beyond. We are well placed to provide institutional-grade products for this institutional demand.”

READ  Bitbuy announces partnership with Knox, creating Canada’s first 1:1 insured Bitcoin platform

The pioneering Swiss issuer has been at the forefront of innovation in the digital asset space, narrowing the gap between the traditional and new financial world by providing institutional investors globally with a secure, transparent, and regulated way to gain exposure to the otherwise unregulated crypto market. In addition to the overwhelming popularity amongst institutional investors, demand for the eleven 21Shares crypto ETPs amongst retail clients is also rising fast especially as they can now purchase these products from their preferred and well-known European and Swiss online brokers including Swissquote, Saxobank, Scalable, Comdirect and many others.

About 21Shares 

21Shares makes investing in crypto assets as easy as buying shares using your conventional broker or bank. Investors can invest in cryptocurrencies using a conventional ETP structure (or tracker) easily, with total confidence and security, cost effectively thanks to the 21Shares suite of ETPs launched by 21Shares and now composed of 11 Crypto ETPs : the 21Shares Crypto Basket Index ETP (HODL:SW), 21Shares Bitcoin (ABTC:SW 21XB:GR), 21Shares Ethereum (AETH:SW), 21Shares XRP (AXRP:SW), 21Shares Bitcoin Cash ETP (ABCH:SW), 21Shares Binance ETP (ABNB:SW), 21Shares Tezos ETP (AXTZ:SW), 21shares Bitcoin Suisse ETP (ABBA:SW), 21Shares Bitwise 10 ETP (KEYS:SW), Sygnum Platform Winners Index ETP (MOON:SW) and 21Shares Short Bitcoin ETP (SBTC:SW 21XS:GR). The entire suite is listed on a regulated framework on the official market of Deutsche Boerse, SIX Swiss Exchange, BX Swiss and some on Boerse Stuttgart in CHF, USD, GBP and EUR respectively. Founded in 2018, 21Shares is led by a team of talented serial entrepreneurs and experienced banking professionals from the technology and financial world. Incorporated in Zug, with offices in Zurich, Berlin and New York, the company has launched several world firsts, including the first listed crypto index (HODL) in November 2018. 21Shares has 11 crypto ETPs listed today and has over $150 million in AuM in total listed products.

Press Contact   Laurent Kssis   +41 44 260 86 60   press@21Shares.com

Disclaimer 
This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan.This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States.This document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”); or (iv) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (v) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The Securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. In any EEA Member State (other than the Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden) that has implemented the Prospectus Regulation (EU) 2017/1129, together with any applicable implementing measures in any Member State, the “Prospectus Regulation”) this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation. Exclusively for potential investors in Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden the 2019 Base Prospectus (EU) is made available on the Issuer’s website under www.21Shares.com. The approval of the 2019 Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the 2019 Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand. This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.This document constitutes advertisement within the meaning of the Swiss Financial Services Act (the “FinSA”) and not a prospectus. In accordance with article 109 of the Swiss Financial Services Ordinance, the Base Prospectus dated 13 November 2019, as supplemented from time to time (the “Base Prospectus”) and the final terms for SBTC dated 22 January 2020 (the “Final Terms”, and together with the Base Prospectus, the “Prospectus”) have been prepared in compliance with articles 652a and 1156 of the Swiss Code of Obligations, as such  articles were in effect immediately prior to the entry into effect of the FinSA, and the Listing Rules of the SIX Swiss Exchange in their version in force as of January 1, 2020. Consequently, the Prospectus has not been and will not be reviewed or approved by a Swiss review body pursuant to article 51 of the FinSA, and does not comply with the disclosure requirements applicable to a prospectus approved by such a review body under the FinSA. Copies of the Prospectus are available free of charge from the website of the Issuer. Subject to applicable securities laws, the Base Prospectus and the final terms of any product mentioned herein can be obtained from 21Shares AG on the website. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.

READ  #Job.com Announces Partnership with NeoCurrency to Reward Jobseekers

Attachment

Go to Source